SOFTSWISS, a seasoned global iGaming technology provider with over 15 years of experience, has acquired a substantial stake in Ously Games GmbH, the innovative force behind Europe’s fastest-growing social casino SpinArena.net.
Following these investments, SOFTSWISS collaborated with German company Ously Games GmbH to create an innovative software solution for social casinos, reflecting current trends in the iGaming sector.
Social casinos represent a burgeoning segment in online entertainment, blending popular casino games with social networking elements. Unlike traditional casinos, they operate without real-money gambling, using virtual currency for gameplay. Revenue for social casinos mainly comes from the sale of virtual goods, enhancing gameplay without financial stakes.
The business model of launching a social casino is free from licensing requirements and advertising restrictions, and it continues to expand globally each year. According to conservative estimates from Business Research Insights, the global market for social casino games is expected to reach €10 billion by 2030. Additionally, approximately 85 million people worldwide engage in daily play at social casinos, as reported by the Australian Communications and Media Authority.
The largest by the number of slot games European social casino, SpinArena.net, provided by Ously Games GmbH, has seen its player base triple since the beginning of 2023, surpassing 700 thousand players. With a collection of over 3,000 games from almost 40 providers, the casino reached a one million euro annual turnover.
Ivan Montik, Founder of SOFTSWISS, comments:
Anticipating the development of social casinos within the iGaming industry, SOFTSWISS made strategic investments to diversify its portfolio. Together, we aim to create a comprehensive platform for social casinos, enriching the robust ecosystem of iGaming products provided by our company.
Ously Games GmbH founder Jochen Martinez shares his expectations:
We are delighted to forge a strategic partnership with the global technology provider SOFTSWISS. This alliance brings invaluable insights, innovations, and profound expertise to both parties. The deal demonstrates our commitment to driving growth and mutual development. Collaborating with SOFTSWISS opens new horizons and ensures access to top-notch resources and support essential for thriving in the competitive iGaming landscape.
Social casinos represent more than just a contemporary trend; they are reshaping the landscape of online gambling. This phenomenon is setting new benchmarks in the industry and providing players with an unmatched and safer gaming experience through a combination of gaming, social interaction, and innovation. Players can enjoy a range of activities, including connecting with friends, sending gifts, and competing in tournaments, all while playing games like poker, slots, and roulette, with a strong emphasis on social engagement.
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